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Informist, Monday, Jan. 27, 2025

 

MUMBAI – Prices of chana are likely to remain low in the short term due to the availability of cheaper imports from Australia, affordable yellow peas, and rising domestic harvest of the new rabi crop, the India Pulses and Grains Association said in its weekly report on Monday. As of Jan. 17, the acreage under chana in the ongoing rabi season was 9.8 million hectares, up 2.5% in the previous year, according to data from the Department of Agriculture and Farmers' Welfare.

 

Rajasthan's production of chana in the ongoing rabi season is expected to rise 32.1% to 2.5 million tonnes, according to the first advance rabi estimates released by the state's agriculture department. Similarly, according to Gujarat's first advance rabi estimates, the output of chana is expected to rise 45.4% on year to 1.6 million tonnes due to higher sowing and favourable weather. 

 

Traders are expected to be cautious with their purchases, as they will be closely monitoring the demand and supply situation in the coming weeks, the association said. Buying activity in the market is likely to be limited to urgent needs.

 

Chana prices fell during the week ended Saturday due to the availability of cheaper Australian imports, cheaper yellow peas, and ongoing sales by local stockists as they offload their inventory on fears of a further fall in prices, the association said. 

 

Further, prices were weighed down by the increasing harvest of domestic rabi crops. Arrivals of new rabi chana are gradually increasing in Karnataka, especially in Kalaburagi district. Scattered arrivals of rabi chana have begun in Maharashtra and are expected to rise in the next two weeks, the association said. In Madhya Pradesh, new crop arrivals are likely to begin by the end of February.

 

In the week ended Saturday, prices of chana in Indore, Madhya Pradesh, were down by INR 250 from the previous week at INR 6,175-INR 6,200 per 100 kg, according to the association. Prices of chana in Akola, Maharashtra, fell by INR 225 from last week to INR 6,150-INR 6,175 per 100 kg.  End

 

Reported by Shreya Shetty

Edited by Namrata Rao

 

 

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